Typical equity agreements have the 1 year cliff for 25% of the employees shares to be vested followed by 1/36 each month or 1/12 each quarter. It seems to me that the 1 year cliff doesn't make much sense for the earliest employees, if they've done enough after 6 months that the company takes in a round of funding (1M or more) that they should immediately vest to that point and start the standard vesting clock at that point.
Has anyone ever seen a clause like this in their agreements, or insisted on one? Am I far off base for thinking this shouldn't be unheard of?
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